A hurricane that destroys a business is an example of a(n) __________ risk.

                A garden store customer tripped over a plant, fell, and sued the store for damages. This is an example of a(n) __________ risk.

A union strike that stops production at a manufacturing plant is a(n) __________ risk.

When a rival’s product on the market reduces sales of your company’s product, your company is experiencing strategic risk caused by

Which of the following is a pure business risk:

Which of the following is an example of a business risk that cannot be covered by insurance:

Management decides to hold its annual meeting in one U.S. city rather than another because of crime in that city. This is an example of __________ the risk.

Carefully selecting goods or services to sell is an example of handling business risks by __________ the risk.

If a risk is small in terms of money, a business may decide to __________ the risk.

Businesses can protect themselves from the risk associated with lost shipments by

Careful screening of credit customers is an example of handling business risks through

Requiring a contractor to purchase a surety bond is an example of handling business risk by __________ the risk.

Which of the following is one of the main principles of the private enterprise system:

Burger King and McDonald’s are examples of

If a consumer chooses to go to the movies rather than to a pizza parlor, then the movie theater and the pizza parlor are

Most businesses put their greatest competitive efforts into competing

An electronics store charges less for a new television than other electronics stores. The store is engaging in __________ competition.

When Maura purchased a new car, she was able to get part of the purchase price back from the car’s manufacturer. The car’s manufacturer engaged in

Offering high quality, large assortments, and free shipping are examples of

What type of market structure is most commonly found in a private enterprise economy?

The automobile industry, the pharmaceutical industry, and the oil industry are all examples of

                Which of the following pieces of legislation prevents monopolies from forming and hinders price fixing:

One way that competition benefits business is by encouraging the creation of

What motivates businesses to produce efficiently and sell effectively?

Which of the following is a direct benefit to consumers of the effects of competition:

One way that competition helps build a prosperous society is by